US launches new strikes on Iran, which fires back at Gulf states and Jordan - AP News
US launches new strikes on Iran, which fires back at Gulf states and JordanAP News
AP News
Daily Brief
EN → 한국어
Thursday, June 11, 2026
Today's Brief
Today’s Key Insight
Escalating military conflict between the US and Iran has triggered a sharp global risk-off sentiment, driving up oil prices and market volatility. Compounding this geopolitical shock, surging US inflation and looming central bank tightening have battered equities worldwide. Investors are navigating a precarious landscape where Middle Eastern energy supply threats and hawkish monetary policy converge to suppress risk appetite.
Market Overview
Korea. In the prior trading session, South Korean equities suffered a severe blow, with the KOSPI plunging 4.52% amid global risk aversion and domestic political friction surrounding the national election commission. The Bank of Korea faces mounting pressure to pivot from its current 2.50% holding rate, as global central banks signal further tightening and domestic real estate prices continue to surge under the current administration.
US. Wall Street retreated in the latest available session, with the S&P 500 shedding 1.62% as an 11.83% spike in the VIX underscored growing investor anxiety over Middle East military strikes. Accelerating US inflation, which recently reached a three-year high, has pushed the 10-year Treasury yield up to 4.54%, reinforcing expectations of sustained monetary tightening despite the geopolitical turmoil.
Cross-Market Signals
- Geopolitical Risk Premium: Direct military confrontation between the US and Iran is simultaneously driving WTI crude higher and spiking the VIX, reflecting acute fears over regional stability and supply disruptions.
- Stagflationary Pressures: The combination of rising oil prices and the fastest US inflation rate in three years is pushing Treasury yields higher, effectively capping equity valuations across global indices.
- Safe-Haven Divergence: Despite the broader risk-off environment and geopolitical turmoil, gold fell 3.56% in the prior session, a move likely pressured by rising bond yields and a resilient US dollar.
Markets as of 2026-06-10 close 🔴 Risk-Off
VIX +11.8% ↑↑ · S&P 500 -1.6%
S&P Sectors
Tech -2.3%
Finance -0.4%
Health -1.1%
Energy +1.5%
Industrial -3.4%
Staples +1.6%
Utilities +0.1%
Real Estate +0.0%
Materials -2.3%
Comms -0.4%
Discretionary -2.0%
World
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Trump says 'I love the inflation' as US prices rise at fastest rate in three years
The US president later said he had meant that he actually loved that inflation was not higher.
BBC World
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Trump targeting immigrants from countries hit most by climate shocks
A Guardian analysis reveals how most of 39 countries facing US entry restrictions are most vulnerable environmentally‘Every day it’s more barriers’: how the US is shutting out climate refugeesDonald Trump’s immigration crackdown is largely targeting people from the countries most vulnerable to displacement from climate-driven disasters, a Guardian analysis shows.As theTrump administrationpushes policies to boost planet-heatingfossil fuels, millions of people are being forced to flee their homelands due to storms, floods and droughts worsened by theclimate crisis.Continue reading...
The Guardian
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Cuba hopes for World Cup respite from US sabre-rattling – but prepares for the worst
With some matches being held in nearby Miami, a Cuban response to US military action could mar the tournamentAsCubacrumbles under a nearly five-month-long US oil blockade, many on the island hope that theWorld Cupmight save the island from US attack – or at least offer a respite until the competition ends on 19 July.“The beginning of the World Cup will make it more difficult for the United States to carry out a military action in Cuba,” said Carlos Alzugaray, Cuba’s former ambassador to the EU. “Cuba is very close to the US, and can hit many targets inside the US, especially in south Florida, with drones or other weapons.”Continue reading...
The Guardian
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Did US sneak 100 million barrels of oil out of Hormuz, as Trump claims?
The maths doesn't appear to hold up, even though the US has likely managed to get some oil out of the strait.
Al Jazeera
Korea
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[Breaking News] PM Kim: "Election Commission that destroyed evidence doesn't know the seriousness... Public opinion for dissolution is emerging."
Prime Minister Kim Min-seok stated regarding the ballot paper shortage incident that occurred on the main polling day of the June 3rd local elections, "It seems the National Election Commission still doesn't properly recognize the seriousness of the situation, as ballot boxes that should have preserved evidence have already been destroyed." He added, "If this is the case, wouldn't it be better for the Election Commission to be dissolved? There is undoubtedly a public voice saying that if the Election Commission acts this way, it should be dissolved." On the 11th, PM Kim presided over a ministerial meeting on the infringement of citizens' suffrage at the Government Complex Sejong and said, "The Election Commission, from top to bottom, must truly awaken." It was revealed that the Songpa-gu Election Commission had already discarded the ballot paper storage box from Jamsil 7-dong, Songpa-gu, Seoul, Polling Station No. 2, which was designated as evidence for the ballot paper shortage incident and for which the court had ordered preservation. PM Kim pointed out, "The unprecedented incident of infringement on citizens' suffrage during the election process is prolonging, and public concern is growing. 17 universities nationwide have issued a joint declaration, and condemnation of the Election Commission and demands for institutional improvement are pouring in from all walks of life." He addressed the National Assembly...
동아일보
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[Photo] TWICE Sana, 'Captivating'
[OSEN = Reporter Min Kyung-hoon] On the afternoon of the 11th, an international watch brand photo call event was held at a gallery in Pyeongchang-dong, Jongno-gu, Seoul. ENHYPEN Jay, TWICE Sana, Dex, Jay Park, Jung Hae-in, Kim Young-kwang, Ahn Bo-hyun, Park Gyu-young, Lee Da-hee, and Tiffany Young attended the event. TWICE Sana is entering and posing. 2026.06.11 / rumi@osen.co.kr
조선일보
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ECB Likely to Raise Interest Rates for First Time in 2 Years... US Fed Also Under Pressure for Tightening This Year
The Bank of Korea decided at its May Monetary Policy Committee meeting to maintain the Bank of Korea base rate at the current level of 2.50% until the next monetary policy direction decision. However, Bank of Korea Governor Shin Hyun-song stated, "It will be necessary to raise the base rate at an appropriate time in the future..."
네이버뉴스
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PM Kim: "Election Commission Must Truly Awaken... Zero-Tolerance Response to Infringement of Democratic Order"
(SEOUL=Yonhap News) By Reporter Lee Sang-hyun = Prime Minister Kim Min-seok stated regarding the June 3rd local election ballot paper shortage incident, "The Election Commission (National Election Commission) must truly, from top to bottom..."
연합뉴스
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Oh Se-hoon: "Must Stop the Path of Real Estate Disaster"... Urges Lee Government to Change Policy
This is a graph comparing the real estate policies of the Moon Jae-in government and the Lee Jae-myung government side-by-side, and statistical data comparing the Seoul apartment price increase rates one year after inauguration for each past government. According to this, the Seoul apartment price increase rate one year after the inauguration of the Lee Jae-myung government was 14.73%...
한국경제